Ballgrade, inc

Ballgrade, inc - $120,000. A total of 35 percent of this...

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4. Bellgrade, Inc., acquired a 60 percent interest in Hansen Company several years ago. During 2011, Hansen sold inventory costing $75,000 to Bellgrade for $100,000. A total of 16 percent of this inventory was not sold to outsiders until 2012. During 2012, Hansen sold inventory costing $96,000 to Bellgrade for
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Unformatted text preview: $120,000. A total of 35 percent of this inventory was not sold to outsiders until 2013. In 2012, Bellgrade reported cost of goods of $380,000 while Hansen reported $210,000 What is the consolidated cost of goods sold in 2010? a) 465,600 b) 473,440 c) 474,400 d) 522,400 Solution: a) 465,600...
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This note was uploaded on 12/05/2011 for the course ACC 134 taught by Professor Erik during the Fall '11 term at Colorado.

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